Make steady payments to your loans. Your loans will diminish in the percentage of your salary as you increase in income.
Make hard investments in land, 401k, stocks etc which will increase in value as the years go by.
Buy land anywhere corporate or private, the value of land tends to recover through 10 t0 30 years cycles of recessaion.
Stop. Do you have any traditional IRA money?
If you do not: Use the Roth Backdoor.
Put it in the Traditional, non-deductible IRA anyway.
Invest it in cash only; you don't want any gains or losses.
And then, the very next day, go back and convert to Roth.
This "backdoor" was enabled by legislation some 15? years ago, when income limits for Roth ...
Roth, IRA, and 401K are not investments, but are account types that receive special tax considerations. The tone of your question suggests that you do not understand this distinction.
There is nothing stopping you from opening up a brokerage account, and investing in the same mutual fund, ETFs, or individual stocks that may be part of your 401K or Roth. ...
First off, make sure you are using your modified adjusted gross income (MAGI) as calculated by https://www.irs.gov/publications/p590a#en_US_2018_publink100025076. For example, 401(k) contributions and health insurance premiums paid through your employer are not counted. It's possible you are still eligible to make a full or partial Roth IRA contribution.
As you say, it depends. Do you want to be an active investor, buying individual stocks (or real estate &c), or do you just want to put the money someplace and forget about it? Since I'm in the second group, my own answer (starting some decades ago) was just to put the money in a few mutual funds and basically forget about it.
The website you found is perfectly right. A bonus deposited into an IRA by Merrill Lynch (paid in this instance as an inducement to transfer an existing IRA with different custodian to Merrill Lynch) is just an additional gain in the IRA investments. The bonus has no current tax consequences; it need not be reported to the IRS either by you or by the IRA ...
The Mega Backdoor Roth IRA is achieved by contributing additional after-tax money to a 401(k), and then rolling those contributions into a Roth IRA.
Roth IRAs normally have an annual contribution limit of $6,000. Using a fully optimized Mega Backdoor Roth IRA allows ~$30,000+ of additional annual contributions to the Roth IRA.
Yes, it gets mixed up. That's ok; there's no harm. (I like to keep my 401(k) rollovers in separate Traditional IRA accounts, just... because. Maybe because it makes easier the ability to watch each old 401(k) grow.
Just deposit it. As LunarGuardian mentioned, deduct it from your income when filing your taxes.
At brokerages and banks, Roth and Traditional ...
I would take a look at this web site. It will give you the optimal strategies on when to take social security and why they are optimal. There are similar paid services that might do better, but a forum that I visit frequently swears by the above site.
The key thing in this situation is expenses. With such little saved for retirement managing those ...